Please correct answer and don't use hand rating Of the following, which are economic incentives/disincentives?a. In Mumbai, honking in traffic has become such a problem, creating so much noise, thatthe Mumbai police installed devices that detect horn noise. When people honk at red lights,which they often do to get other drivers ready to go, the lights stay red.b. Two men posted "dating bounties" on the internet worth thousands of dollars for peopleto help them find love.c. Spain has introduced a new tax scheme giving foreign or national film or TV productionsan up-to-70% tax break off their production costs. Additionally, there is no cap (limit) at all.A. a and bB. a and cC. b and cD. a, b, and c

Option a) a and b: This option is incorrect because although a and b both involve incentives or…

Answered: Of the following, which are economic…

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section: Chapter Questions

Problem 6PA

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As we learned in the video, Sheldon is trying to decide between purchasing an XBox and purchasing a PlayStation. Each system has its pros and cons. Sheldon is willing to pay up to $300 for the XBox, which costs $249. He is willing to pay up to $500 for the PlayStation, which costs $499. Regardless of which game system he buys, Sheldon plans to purchase a third-party warranty for $20. Let's calculate Sheldon's opportunity cost of purchasing each system. V 3rd attempt Part 1 What is Sheldon's opportunity cost if he buys the XBox? $ Part 2 What is Sheldon's opportunity cost if he buys the PlayStation? $ See Hint See Hint
True or false 12
. Your best friend has just purchased a new Sport Utility Vehicle (SUV). “These things are great.” he says. “They can get you to the private unspoiled places no one else can reach. On the road, it’s nice because you sit so high and can see over the other cars.” Your friend thinks everyone should buy an SUV. Is there an error in his reasoning? If so, what is it? (Use economics terms).
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Alia only likes tacos, which she buys from two local restaurants - Alberto's and Roberto's – so let's define good x=Alberto's tacos and good y=Roberto's tacos. But let's face it, Roberto's is the best, and we would have to offer Alia 3 Alberto's tacos in order to convince her to give up 2 Roberto's tacos, regardless of how much she is currently consuming. a) Write Alia's utility function and draw some of her indifference curves. b) If Px=$2, Py=$4, and I=$24, how much of each type of taco will Aila purchase? c) What if Roberto's tacos go on sale for $2 each?
Do not use Ai
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